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CNN
Dec 4, 2013 3:30pm PST
economy. that's the sad fact. first of all, there was no new flawed planted in the ground. he's been talking since the moment -- actually since he ran for president. to balance the budgets in a response way, reduce the deficit. those are precisely the things that he accomplished, so i'm pleased to know you agree. >> the difference quite simply is after five years, he still has not learned how to reach across the aisle. he was willing to sit down -- >> i've said this before, and i guess this is a tribute to you. you were a different kind of speaker. you were able to bring your caucus along, and get things done. >>> congressman, i'm sure you have a lot to respond to. >> yes, i do. very specific question. u ubs. >> do you great deal that inequality is a problem? >> yes, it's getting worse. you would think they weren't in power. the fact is the democrats have the house and senate. they did a $787 billion stimulus plan, the cash for clunkers, all these things that didn't grow the economy. they exacerbated the problem. we have literally more than 66,000 federal workers on the federal payro
CNN
Dec 6, 2013 6:00am PST
icon, nelson mandela. >>> first to that breaking news on the economy, americans are getting back to work, 203,000 jobs were added to payrolls in november, and the unemployment rate ticked two notches lower to 7%. that's the lowest unemployment rate in five years. our chief business correspondent christine romans is here to break down the numbers. better than expected, so should we feel absolutely completely good about this? >> i saw some broad-based strength in these numbers from warehousing to retail to transportation to construction so there's broad based health care as well, that's important here. carol, the trend, i always talk about the trend how important that is. you look at the last four months on average, 200,000 plus jobs over the last four months and carol we are on track this year for the most jobs created since 2005. we're on track for more than 2 million jobs created and that is a marked improvement from what we've seen in recent memory, so this is good news, a 7% unemployment rate is still good news. you'll hear people talk about their concerns about this underemploym
CNN
Dec 7, 2013 3:00am PST
. >> good economy. >> a better economy. a lot of people say they don't feel it. a better than expected jobs report pushed the dow nearly 200 points higher on friday. >> you know why 203,000 jobs were added to payrolls in november. way better than expected. the jobless rate, that ticked significantly lower to 7%. that is the lowest it's been in five years. we have more on how it's affecting wall street. good morning, zain. >> well, poppy and victor, it was a big week for the economy. car sales rose, new home sales soared and friday, unemployment rate druopped to 7%. that's the lowest since 2008. earlier this year, unemployment declined a lot of people got discouraged and weren't counted. the economy has added more than 2 million jobs this year, the best since 2005 and the gains not just in low-rate sectors. a lot in education and health care, professional services like accountants and travel agents. and hiring in manufacturing is strongest since last year. wages are up and americans are working less hours. the list goes on. the report pushed the dow up 200 points friday. the federal reserve
CNN
Dec 3, 2013 7:00pm PST
about torper in the economy. up until now they said the american economy has been so inventive and resilient it has been able to function even in problems with student graduates this and that not up to snuff. in the future it might not be able to. the skilled labor force will have an impact on the economy. i would have thought it always had. but now it hasn't. >> high technology companies are actually drawing on educated immigrant labor, not necessarily here native american labor. again point to go the failure of our schools to educate our kids. >> but there's a difference. see what we have, it sort of mirrors our economy in many ways, the study shows us that the top-performing u.s. private schools outperform anybody in the world. so it's not that -- our top students are still top. the problem is, it's the vast majority of our students that are going into our public school system where we're underperforming. >> when you compare those to other countries like in japan, for instance, i was just talking to a japanese colleague here before we came on, it's actually considered better to
CNN
Dec 2, 2013 6:00am PST
about our economy? >> well, first of all, the data we get on -- from the retailers at this time of year is almost always contradictory and confusing. they are not always completely forthcoming because they don't want to discourage people from shopping. i think the most interesting thing we saw over the weekend, besides the fact that a number of retailers decided to be open on thanksgiving day, was that 40% of the sales were on-line. in a sense, cyber monday is an accra nism. cyber monday dates from the day when people had slow internet at home and came to work on monday after thanksgiving and ordered. now so many have broadband people are shopping on-line all the time and the retailers are scrambling to catch up with consumers. >> i shop on-line too in light of the incidents you see every black friday, always seems to be a fight somewhere and that can't help retailers, right? >> right. well, of course not. but i think people like going to the stores. we at the "wall street journal" and others did stories following teenagers around the mall and that's social. you can do that. i am h
CNN
Dec 5, 2013 11:00am PST
do stay that low, brooke. >> alison kosik in brooklyn. let's stay on the economy. we learned today it grew more than anyone thought in the third quarter. the value of all the goods and services produced right here in the united states grew add an annual rate of 3.6%. that's great news. when you look at the stock market, let's take a quick peek. it's down just about 50 points. zain asher at the new york stock exchange for us. if we're talking gdp and that is up, why isn't the stock market mirroring that? >> well, what might seem like good news to you and i is certainly not good news to traders on the floor. yes, gdp coming in pretty strong, 3.6%. certainly the best reading we had since the first quarter of 2012 when it came in at 3.7%. the problem is when you have good, strong economic numbers like that, people sort of start to begin to have a meaningful conversation about tapering, about the possibility of tapering happening sooner than expected, especially when the strong data is in line with other pieces of strong data we have gotten this week. jobless claims down by 23,000. also
CNN
Dec 6, 2013 3:30pm PST
. for sarching the auto industry of the the economy is doing well despite the best efforts of republican obstructionists who worked hard to shut down the government, folks with the national deficit dropping at its fastest rate in 60 years? it is time to stop the obsession with deficits and start an obsession about middle-class job creation. >> well, governor granholm, i'm going to give the president credit for these numbers -- >> stop the presses -- >> but this nation is still woefully unemployed. he has to take credit for that, too. i know his numbers could not have come at a better time for an administration that's had a rough couple months. in the crossfire tonight, a pair of economic experts, david madlin director of the american worker project for the center of political progress. >> and david, let me start with you. even though this morning's jobs numbers sound really good. a lot of people are just giving up and stopping looking for jobs. they're going on disability. the dependency on government has absolutely ballooned until this quote/unquote recovery. i think folks in
CNN
Dec 5, 2013 3:00am PST
they are desperate. and in an economy that is not creating enough work for people who want to go to work and still not creating enough middle class jobs. >> reporter: the president is paying attention to the issue, calling for a raise in the federal minimum wage. >> it's well past the time to raise a minimum wage that in real terms right now is below where it was when harry truman was in office. >> reporter: in this push for a higher minimum wage, a higher federal minimum wage likely to not go away anytime soon. the bureau of labor statistics shows six out of ten fastest growing positions in the next decade will be low paying positions. >> a lot of folks are struggling. that's for sure. we'll be watching these protests across the nation. >>> in other headlines, vice president joe biden says china's new air defense zone over the east china sea is causing significant apprehension. he's in beijing meeting with the country's top leaders. biden says he expressed washington's firm position and expectations regarding the zone. the air space is over a disputed island chain claimed by both c
CNN
Dec 6, 2013 11:00am PST
much. we'll check back with you later. >>> let's talk economy. the new government jobs report has turned out to be an early holiday gift for us in the u.s. with the unemployment rate at its lowest since 2008. look at the number in red, 7%. last month, 203,000 jobs were created, beating many economists' expectations and more importantly, the numbers behind this jobs report show that the hiring isn't just for those $9 an hour jobs, but also for higher paying positions. let's talk about this with our senior economist at bloomberg government. and christine roman, who stayed up for us and we appreciate you, christine. cnn chief business correspondent and host of "your money." christine, first to you. we know november means holiday shopping for most of us, if you think ahead, which means seasonal workers. when we look at these numbers, did the government adjust for that? >> oh, yeah, and i'm going to tell you this is a pretty broad-based jobs gain. it wasn't just bartenders and waitresses, not just stocking the shelves. it was broad based. you look at warehousing and transportation, tho
CNN
Dec 3, 2013 6:00am PST
that something, do you suppose? >> a farer economy. an economy that really meets our expectations of what the american dream should be. we've seen four decades of wage stagnation and it's because of unfair actionation, a tax on union and collective bargaining, unfair trade policies. and the net result has been so many hard working people cannot put food on the table based on what they're being paid. we see exorbitant types of bonuses where other people are getting $7.25. it's not fair. the united states is the richest country in the world. >> the government seems helpless to do anything about the wage gap in this country. there's a bill that would raise the minimum wage to 10 bucks an hour. you know that's a nonstarter. you guys are working a couple more days this year and then deal with the budget next year. there's not any time to push for a minimum wage bill. why not be honest about it and tell people now? >> we believe because where there's a will, there's a way. people need better pay. it's not for me to say because the odd are tough that we're not going to fight for it, we're g
CNN
Dec 3, 2013 1:00pm PST
has never been stronger. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. on the table by not choosing the right medicare d plan. no one could have left this much money here. whoo-hoo-hoo! yet many seniors who compare medicare d plans realize they can save hundreds of dollars. cvs/pharmacy wants to help you save on medicare expenses. talk to your cvs pharmacist, call, or go to cvs.com/compare to get your free, personalized plan comparison today. call, go online, or visit your local store today. see, i knew testosterone could affect sex drive, but not energy or even my mood. that's when i talked with my doctor. he gave me some blood tests... showed it was low t. that's it. it was a number. [ male announcer ] today, men with low t have androgel 1.62% testosterone gel. the #1 prescribed topical testosterone replacement therapy increases testosterone when used daily. women and children should avoid contact with application sites. discontinue androgel and call your doctor if you see unexpected signs of early puberty in
CNN
Dec 4, 2013 10:00am PST
really was, wolf. you know, this was billed as a speech on the economy but as more and more details came out there are a couple of things that would emerge in his speech. he was sort of going back to his base trying to sort of enlivan what has been a dispirited liberal base of the democratic party. sort of disappointed with the way this rollout has occurred with the affordable care act. but at the same time, you know, white house officials say there was something substantive going on in this speech and that the president was talking about income inequality and that is something you're going to be hearing this president talk a lot about during the remaining three years he has in office. he's going to be talking about it in the state of the union speech, for example. he ticked off a number of things he would like to see happen over the next several months. one is a hike in the minimum wage. right now it's $725. he would like to see that around $10. he would also like to see extension of unemployment benefits. both those measures republicans are very cool to right now and indicated the
CNN
Dec 4, 2013 2:00pm PST
gives you ecoboost fuel economy and a whole lot more. go further. >>> some say president obama who revved up a democratic crowd today that called for lifting up the poor and raising the minimum wage, jim acosta watched it today. >> just as the president is trying to fiction the obama care brand, he is working on the obama brand. it is not just obama care. >>> president obama was on a mission to fire up his base. >> he laid out a decidedly progressive second term agenda. calling for a raise in the money mum wage from $7.25 to $10 an hour. he casted republicans as a scrouge if they stand in the way. >> it will happen if congress does not act before they leave on their holiday vacation. >> sources leaked out new enrollment numbers, some $29,000 signing up in the first two days in december. republicans argue that's not fast enough to enroll the millions of americans who have seen their policies cancel. >> what will these patients and families do when they show up at the hospital or need to reorder a life saving prescription on new year's day and the obama care plan is not yet available
CNN
Dec 7, 2013 4:00pm PST
acceptance rate. >> public perception of the economy may not have quite caught up. only a quarter of people polled said they believe the economy is getting better. deb? >> alexandra, thanks so much. >> in south africa, ten days of mourning under way for the man many called madiba. also, the nsa, what might they have been peeking into any time? here's a hint it, could have just been in your pocket. that's coming up. we're aig. and we're here. to help secure retirements and protect financial futures. to help communities recover and rebuild. for companies going from garage to global. on the ground, in the air, even into space. we repaid every dollar america lent us. and gave america back a profit. we're here to keep our promises. to help you realize a better tomorrow. from the families of aig, happy holidays. if every u.s. home replaced one light bulb with a compact fluorescent bulb, the energy saved could light how many homes? 1 million? 2 million? 3 million? the answer is... 3 million homes. by 2030, investments in energy efficiency could help americans save $300 billion each year. ta
CNN
Dec 4, 2013 11:00am PST
the economy, issues bi s like incom disparity, called for a hike in minimum wage, extending unemployment benefits, but he wrapped up an event at the white house with younger americans, a youth summit here at the white house that goes to the issues that the white house believes younger americans care about. first and foremost on the president's mind, was the affordable care act, they desperately want younger americans to sign up. you mentioned the enrollment numbers. 29,000 in the first couple days of this month, exceeding all of what was picked up in october, and about a third, by the way, of what the administration says will be reported for november. and the president very interestingly at one point, brooke, talked about the term obama care. people in washington have been saying the president hasn't been using the word obama care as much lately. what's the deal with that? the president used it during this address to younger folk s here at the white house. here's what the president had to say. >> i know people call this law obama care. and that's okay. because i do care. and
CNN
Dec 7, 2013 12:00pm PST
economy comes to life. norfolk southern. one line, infinite possibilities. >>> memorials are growing and people in south africa are celebrating the life of nelson mandela, the civil rights icon died thursday at the age of 95. cnn's robin kurnow is live outside his home in johannesburg where it really is a place of holding vigil, at the same time celebrating his life. >> reporter: absolutely. it's like a pilgrimage here. south africans doing what they always do, they sing in times of happiness and in times of hardship. and this noise, this celebration, this la meant you hear behind me has been going on literally since thursday night. people singing over and over again, nelson mandela, nelson mandela, there's no one like you. now, many of these south africans behind me felt like they had a personal closeness with nelson mandela. they owe so much to him. and he had that way with people. his family saying today that he had time for everyone, kings and queens, rich or poor, great or small. and, in fact, one of those people was bill clinton, the former u.s. president. i spoke to him on nel
CNN
Dec 5, 2013 3:30pm PST
trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. >>> people all over the world are remembering nelson mandela. don lemon is in harlem at the apollo theater. a very special place, tell us why. >> reporter: absolutely. he visited here in 1990 after he got out of prison. you can see the marquis. it says nelson mandela, 1918-2013. he changed our world. i'm standing here next to this gentleman for a reason. he is the in-house cultural director and tour guide for the apollo. you were here when nelson mandela visited in 1990. what was that like? >> i was so blessed to be a part of the hundreds of thousands of people that were here to welcome nelson mandela to harlem. it was a very emotional time for me. a very spiritual -- it felt like a spiritual time. >> he felt a connection here. i live in the neighborhood. there are many africans, a place they call little africa not far from here. >> on 116th street between madison, they have little african shops, african restaurants, african culture. litz africa. >> and he was surprised to see so man
CNN
Dec 10, 2013 2:00pm PST
connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. [ male announcer ] if we could see energy... what would we see? ♪ the billions of gallons of fuel that get us to work. ♪ we'd see all the electricity flowing through the devices that connect us and teach us. ♪ we'd see that almost 100% of medical plastics are made from oil and natural gas. ♪ and an industry that supports almost 10 million american jobs. life takes energy. and no one applies more technology to produce american energy and refine it more efficiently than exxonmobil. because using energy responsibly has never been more important. energy lives here. ♪ >>> at least for now, diplomacy, no
CNN
Dec 2, 2013 10:00am PST
... people to innovate, create new technologies and jobs... and strengthen the economy. america is the world's leader in wireless. let's keep it that way. free up licensed spectrum today, so wireless... can do more for america tomorrow. ♪ [ male announcer ] it started long ago. the joy of giving something everything you've got. it takes passion. and it's not letting up anytime soon. if you're eligible for medicare, you might know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, they help pay some of the difference. and could save you in out-of-pocket medical costs. you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and virtually no referrals needed. so don't wait. call now to request a free decision guide to help you understand medicare. and which aarp medicare supplement plan might work best for you. there's a range to c
CNN
Dec 2, 2013 11:00am PST
manage the global economy. he called for a managed economy. but it's some of the language that pope francis is using that has set something off with rush limbaugh. the idea of trickle-down economics, which means something very specific, specifically to american consumers, regan annecks, and this is something that rush can't necessarily stomach. what will be truly interesting is to see what republican catholics say about the new pope. he's called the people's pope. he's wildly popular in many parts of the world, including right here in the united states. you have paul ryan, you have our own newt gingrich, rick santorum, a guy named chris christie, who are all catholics right now. i would be shocked if these potential candidates were to go out and be critical of this pope who, as i said, is wildly popular in many parts of the country. >> you mentioned potential candidates, but catholics are also a key voting bloc, yes? >> white catholics are often seen as the key. the key swing group. you can look where white catholics vote and see how an election goes. they're seen as swing voters. a
CNN
Dec 7, 2013 12:00am PST
weather is broken. the economy is broken. every marriage is broken. nothing is perfect on this planet. we shouldn't expect it. that's why we pray i will be done on earth as in heaven because in heaven god's will is done per if he cannily. on earth it's done rarely. that's why we pray god thy will be done on earth as in heaven. now, if we're looking for the answer to the question why in order to feel good, even if you know why, it's not going to take away your pain. so stop asking why. you see, if kay were to drop dead tomorrow and i were to know the reason why, it wouldn't make it any less painful. explanations never comfort. god specializes in turning curse fictions into resurrections. he specializes in bringing good out of bad. anybody can bring good out of good. god specializes in bringing good out of bad. i can see how god brought good out of the terrible badness of my son's suicide. it's made me more sensitive. i'm much more sensitized to people's pain. >> are you a better pastor do you think because -- >> without a doubt. >> because of the steering agony you've had -- >> without a d
CNN
Dec 9, 2013 10:00pm PST
.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses maestro of project management. baron of the build-out. you need a permit... to be this awesome. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. (aaron) purrrfect. (vo) meee-ow, business pro. meee-ow. go national. go like a pro. to help secure retirements and protect financial futures. to help communities recover and rebuild. for companies going from garage to global. on the ground, in the air, even into space. we repaid every dollar america lent us. and gave america back a profit. we're here to keep our promises. to help you realize a better tomorrow. from the fam
CNN
Dec 4, 2013 7:00pm PST
understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. so you want to drive moreation, safely? of smart.and expenses stop eating. take deep breaths. avoid bad weather. [ whispers ] get eight hours. ♪ [ shouts over music ] turn it down! and, of course, talk to farmers. hi. hi. ♪ we are farmers bum - pa - dum, bum - bum - bum - bum ♪ >>> tonight new details about the horrific car crash that killed "fast and furious" star paul walker. preliminary coroner's report has ruled his death an accident. findings add to the picture still coming into focus. the high performance porsche hitting a light pole and tree on saturday before bursting into flames. the gap between the crash and the fire raised questions about whether the driver richard rodas may have survived the crash. kyung lah joins me now from the crash. what do we kno
CNN
Dec 10, 2013 3:00am PST
been established and continues to play out, a free press, a thriving economy, a little slower than it used to be. >> water, houses, electricity, basic life. >> then the endemic problems of corruption, poverty and the income inequality. as a stamp, his stamp is here and has got to be played out. >> certainly the dream had levels of reality, right? the first one to apolish apartheid. it's impossible to compare south africa today to then. the progress is obvious and extreme. >> absolutely. >> the draem obviously lives on. that's where the united states president barack obama comes in. he was talking about the man and the message carrying it forward, the responsibility of the people in the stadium, the world leaders in this stadium to carry forward that message and of course back home in the united states. here's some of what president obama had to say. >> we must ask how well have i applied his lessons in my own life? it's a question i ask myself. as a man and as a president. we know that like south africa, the united states had to overcome centuries of racial -- the sacrifice of countle
CNN
Dec 3, 2013 2:00pm PST
industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> your rights as a frequent flyer are on the line right now before the united states supreme court. this case is generating lots of buzz. the justices heard arguments today pitting the airline against a rabbi whose frequent flyer privileges were yanked because he was complaining too much. >> almost always complaints get resolved without the lawyers getting involved. it's been said that rabbi benjamin glinsburg spends more time in the air than on the ground. he was dumped from his frequent flyer program, why? because he complained too much. they said he was abusing the program to get extra perks. he says his complaints were all on the up and up. >> it wasn't an issue where the peanuts were too salty or that they serve
CNN
Dec 5, 2013 10:00am PST
. >> good-bye from us. >> thanks for watching. c"cnn newsroom" starts now. >>> right now the economy's growing but stocks are sinking. we'll tell you why. also, right now fast food workers are sending a message, minimum wage is not enough to live on. walking off their jobs. goal is to double their pay. and right now, the killing of an american in benghazi, libya. it's being investigated, reportedly a school teacher and he's described as someone who is, quote, sweet to everyone. -- captions by vitac -- www.vitac.com >>> hello, i'm wolf blitzer in washington. first up, the health of the u.s. economy and your 401(k), a key checkup shows the economy growing at a quicker pace than expected. you'd that that would send stocks soaring but that's not necessarily the case. zain asher joining us from the new york stock exchange. start with the key economic report that came out today. how much growth are we talking about? >> reporter: third quarter gdp coming in at 3.6%. certainly a good headline number and the biggest growth we've seen since the first quarter of 2012. part of the reason for this
CNN
Dec 7, 2013 6:30am PST
christiane amanpour and candy crowley. all at the same table. >>> the economy is climbing back. i'm christine romans. the economy is growing at the fastest pace since the beginning of 2012. driving growth? businesses. do they expect demand from consumers to surge and what happens if consumers are not buying? another critical sector to watch, housing. sales of new homes up 25% in october. the sharpest gain in 35 years. positive jobs numbers show the economy is healing. 203,000 jobs added in november. the u.s. on track now to create the most jobs since 2005. the jobless rate lowest in five years. stock market may have taken a breather, but it is a banner year for stocks. 25% of americans hold three quarters of all stocks. many americans are more concerned where the next meal is coming from than the 401(k). fast food workers striking against poverty wages. the economy, jobs, minimum wage. that is the president's agenda for the next three years. alex is the business director and chairman of the economic advisers. also with me is a former adviser to presidential candidate mitt romney. au
CNN
Dec 6, 2013 10:00am PST
powell. >> the hello, i'm wolf blitzer in washington. big news for the u.s. economy today. hiring is up. unemployment is down. the jobs numbers for november were released this morning and they're much stronger than many analysts had been expecting. take a look. the economy added 203,000 jobs last month. that's 20,000 more than many of those economists had predicted. another surprise, the unemployment rate fell to 7% from the 7.3% a month earlier. that happens to be a five-year local and a real sign the economic recovery may be gaining some momentum. our christine romans is in new york watching all of these numbers for us. how significant are they, christine? >> it's significant, wolf. now you've got a trend in place for the year, you've got more than 2 million jobs on track to be created the best since 2005. it has been pretty in israble since the recession and the bubble burst and to say you're going to have jobs growth, on track for jobs growth, the best since 2005 is significant. you want it see these numbers, 200,000 a month and more and want to see it continue. the unemployment rat
CNN
Dec 8, 2013 9:00am PST
fast. cortizone-10. feel the heal. >>> after five years of stops and starts the u.s. economy may actually be in a steady recovery. the unemployment rate is the lowest in five years. home sales and prices are up, stocks are rising, and gas prices are falling. not everyone is feeling it though. a new cnn poll show that is a quarter of the public believes things are getting better. nearly 4 in 10 say it's getting worse. joining me now, kevin has set, former economic adviser to mitt romney, "new york times" economic policy reporter annie lowry, and mark stazandi. is this real? the worst has happened and we're on the road to recovery, yes? >> yes. i think we're clearly in a strong recovery now. if you look at the inflection and the data over the last couple months, it's really the best couple of months i have seen since the great recession began. consumer confidence is soaring. auto sales jumped up to 16.4 million above the 16 million number which is kind of like the 98.6 for the economy. everything is looking good. it's that rare moment where we seem to be right on the verge of a boo
CNN
Dec 8, 2013 7:00am PST
to understand the booming american economy. i'll ask the man who presided over great growth and some critics charge also helped create many bubbles. former fed chair, alan greenspan. >>> and as we approach the first anniversary of the new town massacre, what can the u.s. learn from other nations about gun policy. i'll take you to japan for a fascinating look at a nation that loves violent video games but has a gun death rate that is very different from america's. it's a preview of a gps special airing tonight at 7:00 p.m. eastern. >>> but first, here's my take. when nelson mandela was released from prison in 1990, i remember being struck by how old-fashioned he seemed. he spoke with the language cadence and manners from the 1930s, 40s and 1950s. he reminded me of the great national leaders of the post colonial world who led their countries to freedom. he had the same way of speaking and dressing, the same dignity and bearing, the same sense of history. and mandela was a throw back to an early time. who changed the course of history. 27 years in prison had kept intact his manners, but
CNN
Dec 9, 2013 11:00pm PST
, the economy comes to life. norfolk southern. one line, infinite possibilities. >>> is the national security agency infiltrating video games? documents released by former nsa contractor edward snowden she in 2008, the agency planted sleeper agents inside games like world of war craft and second life, amid concerns that those games could be used by terror groups to coordinate attacks. the documents were published today. i talked to spencer ackerman, u.s. national security editor at the guardian which was one of those who broke the story, and i asked him how a game like world of war craft could possibly be a hotbed for terrorist activity. >> world of war craft, like many other really popular addictive, immersive video games is this deeply, deeply richly developed fantasy game in which you go on quests along with your virtual friends and face things like weird creatures and other things that i don't know about because of course i would never play these types of games. no, never. >> would a terrorist group use such a game to launch an attack? >> well, that's kind of unclear, but the sus
CNN
Dec 9, 2013 3:30pm PST
causing them to become this part of perpetual unemployed group in our economy. while it seems good, it does a disselfto the people you're trying to help. >> uh, no. welcome to the real world, senator, where there are still three job applicants for every one job out there, cutting the lifeline for active job seekers there not magically create, but it will put -- cutting unemployment benefits? that is a five ho ho ho, newt gingrich. first, let me say i believe there are things we could do to dramatically improve the impact. to actually prepare people for getting to work and versus a better job in the future. but took in the crossfire, weapon hawaii's democratic governor, neil abercrombie, and tim pawlenty, in a different life another colleague of mine. we're delighted to have both of you here this evening. governor, economists like larry summers, who was an adviser both to president obama and before that to president clinton have concluded that long-term unemployment compensation actually reduces participate in the work force and makes it harder for the economy to grow. what's your react
CNN
Dec 6, 2013 2:00pm PST
. >>> and a big jump in jobs. does president obama deserve credit for improving the u.s. economy after a surprisingly strong employment report? i'm wolf blitzer. you're in "the situation room." >>> a ten-day mourning period is under way for one of the most influential leaders of our time. we're learning more about the final tributes to nelson mandela. stand by for that, and for my special conversation with the former president, bill clinton. he reveals a time when he and the south african president didn't see eye-to-eye but first, the breaking news we're following. >>> a brutal winter storm turns deadly. at least four people have been killed on icy roads in the southern u.s. we're seeing a dangerous mix of snow, sleet, freezing rain and bone-chilling cold, and it's creating hazardous conditions from texas to tennessee and beyond. now a one-two punch of weather misery is on the way, affecting both coasts from now through monday. we have team coverage beginning with our meteorologist jennifer gray at the cnn weather center. jennifer, what's going on? >> well, we are getting that one-two
CNN
Dec 4, 2013 6:00am PST
saw the economy is getting better and they think it will keep getting better next year and that is great for auto sales. when you look at car sales, it really gives you a clue into the minds of the consumer. you don't just spend $38,000 on something casually. you need access to credit, confidence about your job, a ro reason to do it. very good numbers for november. 14% year over year increase for gm, that's great. ford, up 7%. chrysler, up 16%. and it wasn't just the incentives. there were good incentives. about $2500 on average was the incentive to get out there and buy a car. big advertising for black friday. a lot of people went to the showrooms, that helped. but this is really a recovering economy story. and pent up demand story. and you're hearing it from the automakers who are looking at the a good 2014, as well. their stocks reflecting it, too. >> absolutely. so the auto bailout was a good idea? we all remember back in 2008 when mitt romney said let detroit go bankrupt and there was a big partisan fight. so who is right? does the american public get money back? >> the americ
CNN
Dec 4, 2013 1:00pm PST
of fedex. [ male announcer ] fedex one rate. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. i dbefore i dosearch any projects on my home. i love my contractor, and i am so thankful to angie's list for bringing us together. find out why more than two million members count on angie's list. angie's list -- reviews you can trust. a man who doesn't stand still. but jim has afib, atrial fibrillation -- an irregular heartbeat, not caused by a heart valve problem. that puts jim at a greater risk of stroke. for years, jim's medicine tied him to a monthly trip to the clinic to get his blood tested. but now, with once-a-day xarelto®, jim's on the move. jim's doctor recommended xarelto®. like warfarin, xarelto® is proven effective to reduce afib-related stroke risk. but xarelto® is the first and only once-a-day prescription blood thinner for patients with afib not caused by a heart valve problem. that doesn't require routine blood monitoring. so jim's not tied to that monitoring routine. [ gps ] proceed to the design
CNN
Dec 7, 2013 2:00pm PST
, but secretary geithner had some 27 meetings. i know the economy is essential, and it's good he was meeting with secretary geithner, but here on his signature issue not to take charge. and i have no doubt the white house is right, that secretary sebelius was in several group meetings with the president about health care, but the whole point is, there was nobody in charge in the administration. the president was turning to and saying i look to you for overall responsibility, and in this case it should have been the secretary of health and human services. she does run the department that oversees this. and the fact that he was not meeting with her one-on-one, i think, frankly, is not so much an indictment of her but of the white house operation. >> which is fascinating because we saw her testify very publicly, she took full responsibility for what had happened, but at the same time if this was so important to the president, you would think that there was a lot more one-on-one interaction especially on something that's so critical to him and his policy. professor, the president went on
CNN
Dec 6, 2013 4:00pm PST
happens in the economy has nothing to do with washington. i would note that there are a lot of people if anything goes wrongs, they want to blame the president. if anything goes right, they say he had nothing to do with it. but i think broad trends are influenced by policy but no one month's job numbers are really influenced by policy. >> that is a very realistic view of thing and i applaud austin for saying it. if there were magic levers, we would have seen these kinds or better historically large job numbers. when they passed any of the thing the administration did. that's not how it works. and they will get blamed for bad things and credit for good things and that's why the president is dancing. >> one of the issues with these job numbers is that the jobs being created are not the kinds of jobs that economists say they would like to be seen being created. they are low wage jobs, retail jobs. what is your thought about that? >> well, i think two things. the first thing that i note is there was a time when there were people saying all the jobs being created were part-time jobs
CNN
Dec 5, 2013 4:00pm PST
personal economy, helping you readjust along the way, refocus as careers change and kids head off to college, and revisit your investments as retirement gets closer. wherever you are today, fidelity's guidance can help you fine-tune your personal economy. start today with a free one-on-one review of your retirement plan. ...are the hands that do good things for the whole community: the environment, seniors, kids, and animals. that's why we created the share the love event. by the end of this year, the total donated by subaru could reach 35 million dollars. you get a great deal on a new subaru. we'll donate 250 dollars to a choice of charities that benefit your community. it feels good to be a helping hand. ♪ [ male announcer ] laura's heart attack didn't come with a warning. today her doctor has her on a bayer aspirin regimen to help reduce the risk of another one. if you've had a heart attack, be sure to talk to your doctor before you begin an aspirin regimen. if you've had a heart attack, be sure to talk to your doctor every day we're working to and to keep our commitments. and w
CNN
Dec 10, 2013 3:30pm PST
fiscal cliff or shock to the economy. but i'm skeptical of what i've heard so far. i don't want to see something balanced on the backs of employees. so is it balanced? that's one of the questions i'm going to have. i don't like the fact there's no unemployment extension in this. i don't know about where we're going with revenue, i think tacking on fees to airline tickets is a strange way. i would like to see us do away with farm subsidies to major agra businesses that don't need them. >> it's good that we're moving forward, but i turn to you, congressman. a lot of conservative groups have already come out saying they hate this thing. americans for prosperity hates t heritage hates it. freedom works hates it. are you in the name of moving forward and getting some deal, are you willing to buck those conservative voices and stick with paul ryan? >> i think far too often the question is can we make a deal. i'd like to say can we find a solution. it's more spending for both sides. most conservatives would agree that's the problem in washington. i don't know how a deal is good for conservati
CNN
Dec 9, 2013 9:00am PST
economy there grew 8% in the third quarter. how does this impact the u.s. economy, as well? >> that's right. these are some of the most important companies to the u.s. economy. and already some are reporting their competitors in europe are stealing their business simply because these companies are able to say that they can offer better privacy protections and they don't have to help the sa snoop. microsoft's general counsel wrote in a blog post that customers won't use technology they don't trust. he says the government puts that trust at risk and the government has to help restore it, suzanne. >> evan, thank you so much. a lot of people are just thinking you can't -- there's no guarantee of privacy wherever you are. >> as i said, hardly the nsa but a lot of those companies have been accused of collecting plenty of data about us, as well. >> information. >> it's not the same thing about you. >> not altruistic. >> not at all. an american singer, check this out, not arab, nearly took the top prize in a tv show called "arabs got talent." >> was very good, too. ♪ [ lane ] do you ever fe
CNN
Dec 5, 2013 1:00pm PST
may be more you could do for your asthma. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. and our networks are getting crowded. but if congress, the fcc, and the administration free up... more licensed wireless spectrum, we can empower more... people to innovate, create new technologies and jobs... and strengthen the economy. america is the world's leader in wireless. let's keep it that way. free up licensed spectrum today, so wireless... can do more for america tomorrow. so when my moderate to severe chronic plaque psoriasis them. was also on display, i'd had it. i finally had a serious talk with my dermatologist. this time, he prescribed humira-adalimumab. humira helps to clear the surface of my skin by actually working inside my body. in clinical trials, most adults with moderate to severe plaque psoriasis saw 75% skin clearance. and the majority of people were clear or almost clear in just 4 months. humira can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal event
CNN
Dec 7, 2013 1:00am PST
. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. >>> welcome back, in "crime and punishment" a story that boggles the mind. we hear about people that go to prison and end up on death row but what about the prosecutors put them behind bars with sloppy work or worse? prosecutors in this country are above prosecution, even when they knowingly with hold evidence just to get a conviction. this hasn't happened just once, it's still happening in case after case. randi kaye investigates. >> reporter: in may 1999 john thompson was just weeks away from his execution at the louisiana state penitentiary. this is his signed death warrant. so you may be wondering, what is he doing talking to me at his office in new orleans? did you think you would die on death row? >> i knew i was going to die. i didn't have anything else to say. even executed, i didn't see no one leaving off death row for sure. >> reporter: how john thompson survived is complicated to see the least. it would be more than a decade before he learned the di
CNN
Dec 6, 2013 3:00am PST
. >> hi there, kate. let's talk about the jobs report in a moment. your economy is three things, jobs, investments and housing. we think of it as the three corners of the triangle. you need all of those for your personal finances and to grow your wealth. small businesses, they seem to be hiring more than the big businesses are by the way. auto sales have been up. you have the signals that are showing the economy doing a little bit better. >> when you're talking about the economy doing better, let's talk about housing. you say there's good news there. >> that's one very important part of your finance triangle. 3% home growth is what zillow was forecasting. mortgage rates moving up, 4.46%. that's not necessarily bad. why? it says the banks might start writing more loans next year. >> historically they're still very low. >> very low, absolutely. anything under 5% is still very low. >> good news. why is the stock market still stalling? >> that's interesting. five down days for stocks over the past week. your 401(k) is up double digits this year, no question. you've seen really good -- rea
CNN
Dec 7, 2013 11:00pm PST
is there for your personal economy, helping you readjust along the way, refocus as careers change and kids head off to college, and revisit your investments as retirement gets closer. wherever you are today, fidelity's guidance can help you fine-tune your personal economy. start today with a free one-on-one review of your retirement plan. >>> my name is anita moorjani, and i died on february 2, 2006. when i was really young, i felt my life was really pretty magical. we lived in a condominium in hong kong. i lived with my parents and my brother. i went to a british school where the kids spoke in english. and then of course, at home with my parents, we would speak in our native language, we call it sindhi but it is an indian dialect. >> walk me through what it was like walking around with so many cultures going around. >> i got bullied very, very badly at school. because i was pretty much the only indian child in my year. i wanted to be like them. i would want to color my hair to make it lighter. and i would use bleach on my skin and so i really wanted to fit in. at the same time, w
CNN
Dec 7, 2013 3:00pm PST
economy, helping you readjust along the way, refocus as careers change and kids head off to college, and revisit your investments as retirement gets closer. wherever you are today, fidelity's guidance can help you fine-tune your personal economy. start today with a free one-on-one review of your retirement plan. . >>> nelson mandela's compassion, hum humanity, humility touches millions all over the world. peter turnley was there the day mandela was released from prison more than 20 years ago. he described the moments that followed in his own words. >> nelson mandela's example, his courage, his determination, his dignity, his forward thinking of conciliation, of forgiveness and of love for all is something that has touched so many people and it has been something that has brought people towards him and brought people together. on the morning of february 11th, 1990 i was with a group of photographers. we had gotten to the prison very early that morning. at one point in the early afternoon, i will never forget suddenly about five helicopters began to descend right over the back of this pris
CNN
Dec 7, 2013 11:30am PST
his controversial uncle. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. it really made the difference between a morning around the house and getting a little exercise. unlike the bargain brand, depend gives you new fit-flex®, our best protection. it's a smooth and comfortable fit with more lycra strands. get your free sample at depend.com. the attack on pearl harbor. it was 72 years ago today. the japanese surprise attack killed more than 2,000 american service members. the attack brought the u.s. into world war two. >>> president obama is having a hard time explaining a meeting with controversial relative. for some time the white house has said the president never met with a kenyan uncle who was in the united states illegally. but now it has a new version of what happened. here's cnn's brian todd. >> reporter: fredericka, which is at an uncle of the president who has gone through some legal problems with immigration and other things. and it's about an impression the white house has given that it's keeping this
CNN
Dec 7, 2013 11:00am PST
point for the economy. 203,000 jobs created last month. but as low-wage workers take to the streets it looking more like one america with two economies. i'm christine romans. this is "your money." america on track to create nearby 2.3 million jobs this year. but the quality of those jobs could spark the beginning of a 21st century labor movement. fast food workers protesting in 100 cities across the country this week. they're calling for a living wage, $15 an hour. they are not alone in their call for better pay. >> we know there are airport workers and fast food workers and nurse assistants and retail salespeople who work their tails off and are still living at or barely above poverty. >> the president has called for raising the minimum wage to $9 an hour. he also supports a bill in congress to raise it to $10.10 but fast foods workers say $15 an hour the living wage they need. the question, a living wage, who pies? could raising the minimum wage ultimately hurt the very worker rs it's meant to help? it's all in the eye of the beholder. first, look through the low wage workers eyes
CNN
Dec 3, 2013 5:00pm PST
thinking. those things we know are valuable in the economy today, higher order skills are being neglected in the u.s. >> right, that seems particularly scary. >> anderson, what is most scary about it along those lines, until about ten years ago, one consolation was the very best american students did pretty well. we ranked, the best kids in mastz ma massachusetts with were singapore and korea. our best students are not up there with shang high, south korea. >> does this have to do with funding in the united states? >> up simple difference if you look at these other countries, particularly the good ones, they spend more on poor kids, disadvantage on the theory they need the most help. our system, as you know, is funded by property taxes. we do the opposite. we tend to spend lots of money on suburbs and spent less money in inner city harlem and places like that and those kids, those disadvantaged kids never have a chance to catch up. >> amanda, what's the take away? >> it's true with what reed is saying. we should put much more attention on raising the bar who studies teaching in
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